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and sintroduce you to the president. they looked at each other and said yes. 18 years later i got elected to congress and i called reagan's secretary and let me see if i can arrange this. they range did and -- arranged it and mom and kenny came. we went into the oval office and president reagan came over and said, i want to tell you your son is one of the brightest young congressman we have and he is going to do great things. i know you have to wait on tables for 18 years and it worked in a foundry. and danny had to shine shoes. we had those problems in my family. isn't it great we live in a country where you can achieve anything? he had had his secretary called my abbas to find out about me and my family. when i walked data that office, i would have done -- out of that office, i would have done anything for that man. she was so happy and she carried the picture until she died. her favorite actor was ronald reagan. >> a lesson for that about relationships for president is the personal touch? >> it is a big part of it but it was not just a personal touch. he had goals like the strategic de
parochial. they are beyond squabbles. they have a horizon of 8 months to the next federal election in germany, for instance. europe therefore is the sick person of your. -- europe. of the world. meanwhile, the united states of america is ungovernable. you have a system in this country that was created to create this country as an ungovernable state. you have congress, the president canceling each other out. how the president -- whoever the president might be -- do anything? you have china -- finding it impossible to provide a replacement for the demand that the west has done away with. so, i do not have an answer for your question. bewilderment. >> my question is about consumer demand and the extent to which the old system depended on it. if we do not have it to the same degree, could there possibly be a new economy? i cannot know how to say all of these in the right economic terms. i will say what i am thinking and see what you make out of it. its teams like all the economy's got to a point where it had to be based on growth. it could not just be sustainable. it had to grow. and t
there is a new prime minister in japan. he is shinzo abe, the japanese parliament elected him today five years after abe abruptly resigned from the job. he's japan's seventh prime minister in six years. alex reports from tokyo. >> reporter: a remarkable political comeback is now complete here in japan. shinzo abe is once again prime minister, elected in parliament on wednesday following his party's landslide victory in general elections earlier this month. he has now taken the reins and unveiled his cabinet as well, which includes former prime minister aso who is deputy prime minister as well as finance minister. as the 58-year-old abe returns to the top post he vacated in 2007, his to-do list this time is very long. front and center is the economy, which has sputtered along in japan for the better part of two decades and is in recession once again. many will be watching to see how abe handling heightened tensions with china, as the two countries spar over disputed islands, as well as north korea, which defied the international community recently launching a rocket that skirted japanese territ
, other big story today is the continuing yen/dollar/euro data. abe is elected, now he's in power. the bank of japan is going to be meeting january 21 and 22. they're going to raise their inflation target 2%. the yen is at 85 right now. a lot of people are betting it could go to 100. that trade is not yet over. so that is the hot trade that's out there globally right now. number three, i'm pretty optimistic on housing. you saw the numbers on case-shiller, 4.3% increase in october. we're still getting numbers continuing to improve. the levels of affordability are great. mortgage rates remain low. this is one of the bright spots for housing, and will be for the economy in 2013. finally, did you see this amusing story? u.s. government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of
Search Results 0 to 3 of about 4